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2020-09-01
751
Global
Chitosan/Chitin is the most important additive from marine bio sources besides calcium, astaxanthin, and glucosamine and among chitin derivatives; chitosan is projected to offer the highest growth potential. Commercially chitosan is available in the form of flakes & powder, which can be differentiated on the basis of purity, granulation, color, average molecular weight and solubility. Chitin bacteriostatic, immunologic, antitumoral, cicatrizant, hemostatic and anticoagulant properties are utilized in the field of medicine. Chitosan prices ranges on the basis of quantity from USD 10 to USD 1,000 per kilogram. Chitosan is the deacetylated form of chitin that has been produced from deproteinization and demineralization of crustacean shell.
The major factors driving the chitosan industry are the abundant raw material availability and emerging applications from various end use segments. The ongoing R&D activities focused on finding novel applications of chitosan as well as developing the existing technology is also expected to contribute towards the growth of chitosan market during the analysis period.
By Source
By Industrial Application
Based on Geography
Based on application, water engineering is the largest segment acquiring major share of the market i.e. 24% in 2017 attributed to the naturally abundant and renewable polymers with excellent properties such as bio-compatibility, biodegradability, non-toxicity, and adsorption of chitosan and growing demand for waste water treatment in various end-use industries including the dairy, textile, paper & pulp, chemical and metal cutting. Cosmetics is likely to grow at the fastest CAGR of 19% due to growing demand for bio-based color cosmetics such as lipsticks, eye shadows, and nail polishes and in addition to fungistatic and bacteriostatic properties of chitosan.
Based on geography, Asia Pacific leads the chitosan market with 50% market share in terms of value and volume as well owing to the rapid growth of food & beverage, pharmaceutical and cosmetics industry in countries including China, Korea, Japan, Singapore, Indonesia, Australia and India. Japan dominates the chitosan market with the valuation of USD 0.6 billion in 2017 owing to the presence of abundant raw material while Korea has approved chitosan as the natural food additive and China & Thailand is the key shrimp producing countries.
By Source
Based on Geography
According to our global market study on the basis of extensive primary and secondary research: “One trend is the advent of chitosan nanoparticle in drug delivery due to the biocompatibility and non-toxicity of the material makes it attractive as a neutral agent for delivery of active agents. It is also discovered that ionic gelation can be used to produce chitosan-TPP nanoparticles of sufficient quality for use in clinical applications.”
According to the report, major driving factor is the ageing water and wastewater infrastructure in the developed regions. For instance, Many technology vendors that provide design and consulting services in the water industry are successfully delivering services to globally dispersed OEMs while pure play engineering service providers, who have integrated design, manufacturing, and part supplying capabilities have shown interest and developed the infrastructure for designing and manufacturing water treatment equipment.
Further, the report states the biggest challenge is the unhealthy completion due to overcrowding of small and local players in the chitosan market which impact the economic growth of the major players.The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
The report covers the present ground scenario and the future growth prospects of the Chitosan market for 2017-2025 along with the data of usage of chitosan in various applications like water treatment, biomedical & pharmaceuticals, cosmetics, food & beverage, and others worldwide. We calculated the market size and revenue share on the basis of revenue generated from major players across the globe. The Chitosan market is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players.
Chitosan Market Outlook 2017-2025, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the global Chitosan Market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global Chitosan market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.
The report analyzes and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Global Chitosan Market" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.
Our global Chitosan Market report comprises of the following companies as the key players:
We can provide two hour complimentary interaction with our analyst after the purchase of this market report. Details are imparted within the report.
A complementary 2hrs free facility through which report buyers can interact with our pool of experienced analysts for any report related queries, clarifications or additional data requirements
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